Community Reinvestment Fund, USA

We're privileged to work with such dedicated partners in our efforts to increase access to small business capital and resources!   Check out this Mastercard Strive article to read about a recent collaboration driving impact in communities across California.

We’re thrilled to share our participation in the CDFI Fund’s FY2024 Bond Guarantee Program! Of the record setting $498 million allocation, CRF will issue a total of $325 million in bonds amongst three organizations including, The Community Development Trust, Reinvestment Fund, and IFF (CDFI). Each of these CDFIs makes a tremendous impact in the communities where they work and we’re proud to support them through this important program. #CommunityDevelopment #CDFIBondProgram #CRFImpact

CRF is tremendously excited to share that we have received a $20 million grant from philanthropist, MacKenzie Scott! We are immensely grateful to MacKenzie Scott for this transformational gift and for her broader efforts to support organizations driving change in the communities where they work. This extraordinary grant empowers CRF to pursue our mission and lean into our central pillars of collaboration and innovation with even more vigor in our efforts to co-create and develop impactful solutions that strengthen small business ecosystems and support entrepreneurs, especially those with a history of being excluded by the financial mainstream.

For Javier Vargas, working on cars is second nature. He grew up around auto repair shops and spent childhood summers with his father and uncles learning the ins and outs of the trade. Now, after more than 25 years in the industry, he proudly owns his own small business: ProColor Collision Escondido. Read Javier’s story: https://ow.ly/CPOo50TtFkz #HispanicHeritageMonth #HispanicOwnedBusiness #AutoRepair #SanDiego #Escondido

Nevada small businesses can access state-supported, fixed-rate loans to secure inventory, hire staff, pay for marketing expenses, and more. Work with local, nonprofit lenders to get up to $250,000 in working capital – then use it how you like to grow farther, faster, your way. Apply at NVmicroloans.org #Nevada #SmallBusiness #NVMicroloan #NevadaBusiness Nevada Governor's Office of Economic Development (GOED)

CRF is excited to kick off its celebration of #HispanicHeritageMonth by highlighting The nailsaloon in Washington D.C. Owned by Andréa Vieira, The nailsaloon is a first-of-its-kind nail salon with a flair for customer service. They use non-toxic nail products, tools that are single-use or medically sterilized, offer a scent-free environment, and provide a complementary beverage to each customer. Read more about Andréa and her business on our website: http://ow.ly/nFih50Opniu #SmallBusiness #HispanicOwnedBusiness #WashingtonDC

Thank you to Mastercard Center for Inclusive Growth for highlighting CRF and our partnership with Allies for Community Business in this insightful article on the importance of inclusive technology for small businesses. Access to technology and data insights is critical for driving sustainable growth and empowering small businesses in today’s evolving technological landscape. We are grateful for the continued partnership and support from Mastercard Strive as we develop innovative solutions to ensure that historically underrepresented entrepreneurs have the tools they need to succeed. #SmallBusiness #Technology

Founded by Khadija Ali and Priya Morioka, Global Language Connections is a full-service language services company providing over 100 languages for interpretation, translation, cross cultural and business services. They serve for profit and non-profit clients in the fields of education, health care, business, legal, and government services. When the pandemic brought challenging times for the business, they didn't let it hold them back. Instead, they adapted their services to support their #Minneapolis community. Once business began to pick back up, they secured affordable financing through the Minnesota Inclusive Growth Fund to meet the growing demand. Read more: https://lnkd.in/gMXG8Qp3 #Minnesota #TwinCities #SmallBusiness #BusinessLoans #MIGF

We’re excited to collaborate with ProsperUs Detroit on a new partially forgivable loan program for small businesses in Wayne County, Michigan! The program offers competitive terms and the opportunity to qualify for up to 20% loan forgiveness. #SmallBusiness #WayneCounty #Detroit #DetroitMetro #Michigan

CRF’s office is closed today in observance of Labor Day. We will resume regular business hours tomorrow, September 3.